Plan Ledger DOL Form 5500 · updated monthly

Cornerstone Education Group403(b)

CORNERSTONE EDUCATION GROUP 403(B) PLAN · DETROIT, MI · plan year 2024

Reported admin expense ratio · 2024
0.18%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Cornerstone Education Group reported $19,320 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $1,753 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio fell from 0.50% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Michigan (1,444th of 2,619), and 1,997th of 3,091 in educational services. In 2024, employees put in $2.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,469,675
Participants with balances406
Active participants283
Employer contributions$496,103
Employee contributions$1,145,641
Employer contribution per active participant$1,753
Average account balance$28,250
Benefits paid to participants$1,191,766
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history4
Yearassets · accounts · employer contribution
2024$11.5M · 406 accts · $496K emplr
2023$9.5M · 407 accts · $546K emplr
2022$8.0M · 342 accts · $536K emplr
2021$6.2M · 404 accts · $471K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,327
Trustee / custodial$3,993
Total administrative$19,320
Employer contributions to the Cornerstone Education Group plan · 2024
Employer contribution per active participant$1,753
Median for plans this size$2,416
2024$1,753 per active participant
2023$1,832 per active participant
2022$1,964 per active participant
2021$1,523 per active participant

Cornerstone Education Group's 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$19,320

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2024$19,320 · 0.18%
2023$21,514 · 0.25%
2022$16,641 · 0.23%
2021$31,962 · 0.50%
Same employer
Similar plansEducational Services · Michigan
West Michigan Cancer Center MI$14.9M · 0.26%
Detroit 90/90 MI$14.5M · 0.59%
Edustaff, LLC MI$9.9M · 1.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 851249057 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.